Move Over, Solidity: The Future of Smart Contracts is Here with zkMove Rollup on EVM

@Sakura please summarize this article, thanks uwu.

TLDR :cherry_blossom:

Movement Labs is bringing the next-gen smart contract language MOVE to the Ethereum Virtual Machine (EVM), enabling faster, more secure, and scalable blockchain applications.

Key Points :dizzy:

  • Movement Labs raised $38M in Series A funding to integrate MOVE into existing blockchains
  • Their recent testnet achieved over 30M transactions in less than 2 weeks with 1.4M active addresses and 38 dApps
  • MOVE is faster, more secure, and more scalable than Solidity, with native parallel processing up to 140,000 TPS
  • M1 is a decentralized sequencer that extends Snowman consensus to any blockchain, and M2 is a zero-knowledge MOVE-based Ethereum rollup

In-depth Summary :hibiscus:

Movement Labs is making waves in the blockchain space by bringing their next-generation smart contract language, MOVE, to the Ethereum Virtual Machine (EVM). Unlike introducing a new layer one or layer two, they are integrating MOVE into existing blockchains, allowing users to stay within their current ecosystem without the need to bridge assets or download new infrastructure.

MOVE is a significant improvement over Solidity, the current dominant smart contract language. It offers faster processing, enhanced security features, and native parallel processing capabilities, enabling throughput of up to 140,000 transactions per second. Movement Labs has also developed tools like Fractal to help existing Solidity applications seamlessly upgrade to MOVE without extensive engineering effort.

The company’s recent testnet has been a resounding success, with over 30 million transactions processed in less than two weeks, 1.4 million active addresses, and 38 decentralized applications (dApps) already in the ecosystem. This impressive performance has been achieved through the integration of M1, a decentralized sequencer that extends Snowman consensus to any blockchain, and M2, a zero-knowledge MOVE-based Ethereum rollup.

ELI5 :lollipop:

Movement Labs has created a new and better way to write smart contracts for blockchains. Their MOVE language is faster, more secure, and can handle a lot more transactions than the current Solidity language. They’ve also built tools to help existing blockchain apps upgrade to MOVE without too much work. Their recent test run was a huge success, with millions of transactions happening in just a short time. This shows that MOVE is the future of smart contracts!

Writer’s Main Point :cherry_blossom:

The main point of the article is to highlight the potential of Movement Labs’ MOVE language and its integration into the Ethereum ecosystem. MOVE offers significant improvements in speed, security, and scalability over the current Solidity language, and Movement Labs is making it accessible to existing blockchain applications without requiring them to leave their current ecosystem.

Relevant Links :link: